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The Print
an hour ago
- Business
- The Print
Gold falls Rs 500 to Rs 99,120/10 g; silver trades flat
At the local markets, gold of 99.5 per cent purity also decreased Rs 500 to Rs 98,750 per 10 grams (inclusive of all taxes) on Friday as against the previous closing level of Rs 99,250 per 10 grams. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had finished at Rs 99,620 per 10 grams on Thursday. New Delhi, Jul 25 (PTI) Gold prices extended losses for the second straight day, by declining Rs 500 to Rs 99,120 per 10 grams in the national capital on Friday, amid easing global trade tensions and dampening the safe-haven demand. 'Gold edged lower on Friday impacted by easing tariff-related concerns, a rebound in the US dollar, and waning expectations for multiple interest rate cuts by the US Federal Reserve due to a strong job market,' Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities. However, silver prices traded flat at Rs 1,15,000 per kilogram (inclusive of all taxes) on Friday, as per the association. Gandhi further highlighted that the US has already secured a trade deal with Japan, and there is optimism surrounding the US-EU trade agreement. Additionally, the US is expected to have trade pacts with India, Mexico, and Brazil, which may further increase selling pressure in bullion. Spot gold fell by USD 20.72 or 0.62 per cent to USD 3,347.94 per ounce in the international markets. 'Gold traded weak at USD 3,345 per ounce, as expectations of tariff deals between the US and trade partners like Japan and the EU reduced safe-haven appeal. 'These developments may keep gold volatile, especially at elevated levels. Focus now shifts to the upcoming Fed's interest rate decision next week, which will be crucial for the direction of bullion prices,' Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, said. On the global front, spot silver slipped by 0.35 per cent to trade at USD 38.92 per ounce. PTI HG HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
6 hours ago
- Business
- Time of India
Gold rate today: Yellow metal slips Rs 500 to Rs 99,120/10g in Delhi; global cues weigh, silver holds steady
Gold rate today : Gold prices fell for the second consecutive session on Friday, dropping Rs 500 to Rs 99,120 per 10 grams in Delhi's bullion market amid easing global trade tensions and a decline in safe-haven demand, according to the All India Sarafa Association. The precious metal of 99.9% purity had settled at Rs 99,620 per 10 grams in the previous session. Gold of 99.5% purity also dropped by Rs 500 to Rs 98,750 per 10 grams (inclusive of all taxes), compared with the previous close of Rs 99,250 per 10 grams, PTI reported. "Gold edged lower on Friday impacted by easing tariff-related concerns, a rebound in the US dollar, and waning expectations for multiple interest rate cuts by the US Federal Reserve due to a strong job market," said Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities. Meanwhile, silver prices traded flat at Rs 1,15,000 per kilogram in the national capital, the association said. Gandhi added that the recently concluded trade deal between the US and Japan and optimism surrounding similar agreements with the EU, India, Mexico and Brazil have added to the selling pressure in bullion markets. In the international market, spot gold fell by $20.72 or 0.62% to $3,347.94 per ounce. "Gold traded weak at $3,345 per ounce, as expectations of tariff deals between the US and trade partners like Japan and the EU reduced safe-haven appeal. These developments may keep gold volatile, especially at elevated levels," said Jateen Trivedi, VP Research Analyst – Commodity and Currency at LKP Securities. Trivedi said market participants will now focus on next week's interest rate decision by the US Federal Reserve, which is expected to guide bullion prices in the near term. Spot silver internationally slipped 0.35% to $38.92 per ounce. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
News18
7 hours ago
- Business
- News18
Gold falls Rs 500 to Rs 99,120/10 g; silver trades flat
Agency: New Delhi, Jul 25 (PTI) Gold prices extended losses for the second straight day, by declining Rs 500 to Rs 99,120 per 10 grams in the national capital on Friday, amid easing global trade tensions and dampening the safe-haven demand. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had finished at Rs 99,620 per 10 grams on Thursday. At the local markets, gold of 99.5 per cent purity also decreased Rs 500 to Rs 98,750 per 10 grams (inclusive of all taxes) on Friday as against the previous closing level of Rs 99,250 per 10 grams. 'Gold edged lower on Friday impacted by easing tariff-related concerns, a rebound in the US dollar, and waning expectations for multiple interest rate cuts by the US Federal Reserve due to a strong job market," Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities. However, silver prices traded flat at Rs 1,15,000 per kilogram (inclusive of all taxes) on Friday, as per the association. Gandhi further highlighted that the US has already secured a trade deal with Japan, and there is optimism surrounding the US-EU trade agreement. Additionally, the US is expected to have trade pacts with India, Mexico, and Brazil, which may further increase selling pressure in bullion. Spot gold fell by USD 20.72 or 0.62 per cent to USD 3,347.94 per ounce in the international markets. 'Gold traded weak at USD 3,345 per ounce, as expectations of tariff deals between the US and trade partners like Japan and the EU reduced safe-haven appeal. 'These developments may keep gold volatile, especially at elevated levels. Focus now shifts to the upcoming Fed's interest rate decision next week, which will be crucial for the direction of bullion prices," Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, said. On the global front, spot silver slipped by 0.35 per cent to trade at USD 38.92 per ounce. PTI HG HVA view comments First Published: July 25, 2025, 16:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
a day ago
- Business
- News18
Gold declines Rs 1,400 to Rs 99,620/10 g; silver plunges Rs 3,000
Agency: New Delhi, Jul 24 (PTI) Gold prices dived Rs 1,400 to Rs 99,620 per 10 grams in the national capital on Thursday due to profit-booking by stockists and a subdued trend in the global markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 1,01,020 per 10 grams on Wednesday. In the national capital, gold of 99.5 per cent purity fell Rs 1,200 to Rs 99,250 per 10 grams (inclusive of all taxes) on Thursday. It had settled at Rs 1,00,450 per 10 grams in the previous market session. 'Gold prices are down on profit-booking, as the risk premium eased after US announced trade agreements with Japan and the Philippines — raising expectations more such deals, especially with China and Europe. 'However, prices may see some support from a weaker dollar against major currencies," Pranav Mer, Vice President, EBG, Commodity & Currency Research, JM Financial Services, said. As per the association, silver prices plunged Rs 3,000 to Rs 1,15,000 per kilogram (inclusive of all taxes) on Thursday. It had rallied Rs 4,000 to hit a lifetime high of Rs 1,18,000 per kg on Wednesday. Meanwhile, spot gold fell USD 24.35, or 0.72 per cent, to USD 3,362.88 per ounce in the international markets. 'Gold retreated from a five-week high and continued to decline on Thursday as optimism regarding the trade deal between the US and its major trading partners reduced the demand for safe-haven assets," Saumil Gandhi, Senior Analyst, Commodities, at HDFC Securities, said. Jateen Trivedi, VP Research Analyst — Commodity and Currency, LKP Securities, said, 'Over the past month, gold had sustained gains amid stalled tariff negotiations, but fresh deal announcements have triggered expectations of easing tensions, reducing bullion's appeal in the short term." On the global front, spot silver went lower by 0.53 per cent to trade at USD 39.05 per ounce. 'Going ahead the US weekly jobless claims numbers and S&P Global flash PMI data will be in focus on Thursday to gauge economic health ahead of the Federal Reserve's monetary policy decision next week. 'Traders could also remain on alert with European Central Bank's interest rate decision later in the day which could create volatility in global currency pairs," Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock Brokers, said. PTI HG TRB view comments First Published: July 24, 2025, 17:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Print
2 days ago
- Business
- The Print
Silver surges Rs 4,000 to hit record high of Rs 1.18 lakh/kg; gold jumps Rs 1,000
Gold of 99.5 per cent purity appreciated Rs 900 to Rs 1,00,450 per 10 grams (inclusive of all taxes) on Wednesday. In the previous trade, the yellow metal finished at Rs 99,550 per 10 grams. According to the All India Sarafa Association, gold of 99.9 per cent purity climbed Rs 1,000 to Rs 1,01,020 per 10 grams (inclusive of all taxes). It had closed at Rs 1,00,020 per 10 grams in the previous market close. New Delhi, Jul 23 (PTI) Silver prices surged by Rs 4,000 to hit a record high of Rs 1,18,000 per kilogram while gold advanced Rs 1,000 in the national capital on Wednesday due to heavy buying by stockists. 'Gold continues to be in demand as global uncertainty rises, largely due to diminishing expectations for a US-EU trade deal ahead of the August 1 deadline. 'This uncertainty has intensified market anxiety, which drives flow towards the safe-haven,' Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said. The precious metal is also supported by overall weakness in the US Dollar, Gandhi said. In the national capital, Silver had soared Rs 3,000 to close at Rs 1,14,000 per kg on Tuesday. It had risen by Rs 7,500 per kg in the last three sessions. Bullion traders said the ongoing bullish sentiment in the silver market is primarily driven by industrial demand. Meanwhile, silver futures for September delivery climbed Rs 896 or 0.77 per cent to hit a fresh record high of Rs 1,16,551 per kg on the Multi Commodity Exchange (MCX). Additionally, gold futures for August delivery slipped Rs 24 to Rs 1,00,305 per 10 grams on the commodities bourse. On the global front, spot gold fell 0.26 per cent to USD 3,422.87 per ounce. According to Jateen Trivedi, VP Research Analyst – Commodity and Currency at LKP Securities, investors will await manufacturing and services PMI data from major economies, including the US, the UK and the Eurozone, which will provide more cues trajectory of bullion prices in the near term. Spot silver climbed 0.26 per cent to USD 39.39 per ounce in the overseas markets. PTI HG HG SHW This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
